Engineering
Engineering
Engineering
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2.7 Management report on the Group Expected developments and and associated opportunities and and risks risks<br />
Pages 174-176 174–176<br />
Pages 99–100. 99–100<br />
In extensive training programs and an interactive compliance e-learning program, we inform our employees<br />
about compliance requirements, infringement risks and potential sanctions. In 2010/2011 more than 3,500<br />
employees worldwide took part in classroom training sessions. To supplement the compliance training<br />
program, we have introduced a Groupwide interactive e-learning program comprising modules on<br />
competition law and combating corruption, which is available in eleven languages. The second cycle of the<br />
e-learning program which started in August 2008 is aimed at refreshing the knowledge of employees who<br />
have taken part previously and for the first time training employees outside Europe. Since the launch of the<br />
second cycle, 25,600 employees worldwide have completed online training courses on competition law and<br />
anti-corruption policies.<br />
A report on pending litigation and claims for damages can be found in the Notes.<br />
Regulatory risks<br />
Our business operations are in some cases closely dependent on the legal framework at national or<br />
European level. Developments such as changes to competition rules in individual sections of the markets<br />
can involve risks for us and lead to higher costs or other disadvantages. To contain these risks we maintain<br />
close working contact with the relevant institutions to prevent distortion of competition.<br />
Based on model calculations, we will face substantial costs for emission allowances in the third trading<br />
period of the EU Emissions Trading Scheme from 2013 to 2020. As an energy-intensive industrial and<br />
services group we face earnings risks if we are unable in the competitive international market to pass on to<br />
our customers all or any of the additional costs. ThyssenKrupp participates both directly and via industry<br />
associations in the discussion process on politically desired energy price surcharges.<br />
Environmental risks<br />
Due to the production processes in our industrial plants, we are exposed to process-related risks that can<br />
lead to air and water pollution. ThyssenKrupp continuously invests in sustainable environmental protection<br />
in our production operations so as to conserve resources and minimize environmental impact over the long<br />
term. Many Group companies have established certified environmental management systems which reduce<br />
the risk of environmental damage.<br />
Some of our real estate no longer used for operations is subject to risks from past pollution and mining<br />
subsidence which we contain with preventive measures and scheduled remediation work. Our real estate<br />
area recognizes adequate provisions for this every fiscal year.<br />
Risks associated with information security<br />
We continually review our information technologies to ensure the secure handling of IT-based business<br />
processes and reduce risks. If necessary, the systems are updated and protected even more effectively.<br />
Further, measures are in place to maximize information security awareness and provide the necessary<br />
technical support for all employees. The IT-based integration of business processes is subject to the<br />
condition that the risks involved for our Group companies and business partners are minimized. In the<br />
reporting year we therefore again carried out extensive measures to further improve our security standards<br />
and our information security management system.<br />
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